Vertu Motors PLC Director/PDMR Shareholding
04 July 2024 - 7:21PM
RNS Regulatory News
RNS Number : 1689V
Vertu Motors PLC
04 July 2024
04 July 2024
Vertu Motors plc
(the "Company")
Notification of PDMR's
interests
The Company announces
that it was notified on 04 July 2024 that Christopher Taylor, a
person discharging managerial responsibility
in the Company, had sold 40,000 ordinary shares of
10p each in the Company ("Ordinary
Shares"). The sale took place
on 27 June 2024 at
a price of 74.78 pence per Ordinary Share.
PDMR
|
Beneficial holding of
Ordinary Shares prior to the dealings above*
|
% of issued share capital
prior to the dealings above*
|
Ordinary Shares disposed of
by PDMR
|
Resultant Beneficial holding
of Ordinary Shares after the dealings above*
|
Resultant % of issued share
capital after the dealings above*
|
Christopher Taylor
|
375,280
|
0.11%
|
40,000
|
335,280
|
0.10%
|
* includes shares held by persons
closely associated with the Director.
The Company's issued share capital consists of
337,360,697 Ordinary Shares with voting rights. The Company
does not hold any Ordinary Shares in treasury.
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
a)
|
Name
|
CHRISTOPHER
TAYLOR
|
2.
|
Reason for the notification
|
SALE OF
SHARES
|
a)
|
Position/status
|
OPERATIONS
DIRECTOR
|
b)
|
Initial notification/Amendment
|
INITIAL
NOTIFICATION
|
3.
|
Details of the issuer, emission allowance
market participant, auction platform, auctioneer or auction
monitor
|
a)
|
Name
|
VERTU MOTORS
PLC
|
b)
|
LEI
|
213800GIKJEIUIGMI575
|
4.
|
Details of transactions(s): section to be
repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (vi) each place where
transactions have been conducted
|
a)
|
Description of the financial instrument, type
of instrument identification code
Identification code
|
ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS PLC
GB00B1GK4645
|
b)
|
Nature of the transaction
|
SALE OF
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
|
c)
|
Price(s) and volume(s)
Price
|
Volume(s)
|
0.7478
|
40000
|
|
d)
|
Aggregated information
-Aggregated volume
- Price
|
NOT APPLICABLE
- SINGLE TRANSACTION
|
e)
|
Date of the transaction
|
27 JUNE
2024
|
f)
|
Place of transaction
|
LONDON STOCK
EXCHANGE, AIM
|
- ENDS -
Vertu Motors
plc
|
|
Tel: +44 (0) 191 491
2121
|
Robert Forrester,
CEO
|
|
Karen Anderson, CFO
Phil Clark,
Investor relations
|
PClark@vertumotors.com
|
|
|
|
|
Stifel (Nominated Adviser and
Broker)
|
Tel: +44 (0) 207 710
7688
|
Matthew
Blawat
|
|
Nick
Harland
|
|
|
|
|
|
Camarco
|
|
Tel: +44 (0) 203 757
4983
|
Billy
Clegg
|
|
|
|
Tom
Huddart
|
|
|
|
|
|
|
|
|
|
|
|
Notes to
Editors
|
|
|
|
Vertu Motors is the fourth largest
automotive retailer in the UK with a network of 189 sales outlets
across the UK. Its dealerships operate predominantly under the
Bristol Street Motors, Vertu and Macklin Motors brand
names.
Vertu Motors was established in
November 2006 with the strategy to consolidate the UK motor retail
sector. It is intended that the Group will continue to
acquire motor retail operations to grow a scaled dealership
group. The Group's acquisition strategy is supplemented by a
focused organic growth strategy to drive operational efficiencies
through its national dealership network. The Group currently
operates 185 franchised sales outlets and 4 non-franchised sales
operations from 143 locations across the UK.
Vertu's Mission Statement is to
"deliver an outstanding customer motoring experience through
honesty and trust".
Vertu Motors Group websites -
https://investors.vertumotors.com
/www.vertucareers.com
Vertu brand websites -
www.vertumotors.com
/ www.bristolstreet.co.uk
/ www.vertuhonda.com
/ www.vertutoyota.com
/ www.macklinmotors.co.uk
/ www.vertumotorcycles.com
|
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